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LEASE AGREEMENT

The Lease Agreement, hereinafter referred to as the “Agreement”, dated and made effective as of (the “Effective Date”), is between:

Identify the Landlord Owning or Letting the Condo Unit:

This question focuses on the Landlord (hereinafter “Landlord”) or the party with legal authority to rent out the condominium. Ensure clarity on whether it is a single individual, multiple owners, or a legal entity. Accurate naming prevents confusion about who can enforce this Lease.
Identify the Tenant Occupying the Condo Unit:

This question names the Tenant (hereinafter “Tenant”). If multiple individuals sign, list all. If the Tenant is an entity renting the condo for employee housing, clarify that. Properly documenting the occupant ensures the correct Party is responsible for the Lease terms.

Individually referred to as the “Party” and collectively as the “Parties”, the Parties have concluded the following Agreement:

Which Condominium Unit Is Being Leased?

Clearly define the Premises to avoid disputes. Provide the unit’s address or building name and any appurtenant storage or parking space. Condos may have unique designations in the association’s records. This question ensures the Tenant knows exactly which property is covered.
How Long Does This Condominium Lease Last?

Set a fixed term or month-to-month arrangement. If fixed, list the start and end date. If automatically renewing, clarify how it transitions or if either Party must give notice. Knowing the exact timeframe prevents confusion on move-out expectations or rent renegotiation dates.
What Is the Rent, and How Does the Tenant Pay It?

This question sets the Tenant’s monthly rent amount, due date, and payment method. Some Landlords accept checks or electronic transfers. Others require autopay. This clarity ensures timely payments. If the condo association charges fees that the Landlord includes, mention them as well.
Is There a Security Deposit, and How Is It Handled?

A deposit covers damage or unpaid balances. This question states the deposit amount, rules for refunds, and any additional deposit for pets or amenities. If none is required, note that. Also ensure compliance with local deposit caps or interest requirements, if any.
Are Late Fees Imposed for Overdue Rent?

Timely rent is crucial. Some states allow late fees within reason. This question sets the penalty or if no fee applies. The Tenant must know the grace period, the fee structure (flat or percentage), and potential daily accrual. Noncompliance can lead to default.
Which Utilities Does the Tenant Pay for in This Condo?

Condo associations often cover water, trash, or basic cable in HOA dues. The Tenant might only pay electric, gas, or internet. This question itemizes each utility or service’s responsibility. If any specialized building fees exist, mention them to prevent misunderstandings.
Must the Tenant Follow the Condo Association Bylaws or Regulations?

A condominium has an HOA or association that sets rules on usage of common areas, noise, and property alterations. This question ensures the Tenant agrees to abide by them and acknowledges that repeated violations can terminate the Lease or result in fines.
For What Purpose May the Tenant Occupy the Condo, and By Whom?

Many condo leases restrict usage to residential purposes. The association may forbid short-term rentals or large-scale business. This question addresses occupant identity and whether business operations, daycares, or other activities violate the lease or HOA restrictions.
Under What Notice and Circumstances May the Landlord Enter the Condo?

State statutory or contractual notice requirements (24, 48 hours) for repairs or inspections. Mention emergency exceptions, such as flooding or fire. The Tenant’s privacy is balanced with the Landlord’s duty to maintain or respond. This question prevents disputes over unauthorized entry.
May the Tenant Keep Pets in the Condominium Unit?

Condo HOAs often have specific pet rules or breed/weight restrictions. Some ban pets entirely. This question clarifies whether the Landlord allows them, any deposit or monthly pet rent, and that the Tenant must follow HOA pet guidelines. Noncompliance can result in termination or fines.
Does the Tenant Have Assigned Parking or Garage Access?

Condo units may have designated parking stalls or garages. Some require separate fees or HOA-issued permits. This question sets whether the Tenant has a spot, must pay extra, or rely on street parking. Also note any restrictions on commercial or oversized vehicles.
Is Subletting Permitted?

Subletting occurs when the Tenant rents part or all of the condo to another occupant, remaining liable to the Landlord. This question clarifies if subletting is allowed, forbidden, or subject to Landlord/HOA approval. Unauthorized subletting can violate both the Lease and condo bylaws.
Can the Tenant Transfer or Assign All Lease Rights to Another Party?

Assignment differs from subletting by transferring the entire Lease interest to a new tenant. The original Tenant may be released from obligations if the Landlord consents. This question clarifies if assignment is outright banned, requires consent, or is freely allowed.
What Is the Required Notice to End or Renew the Condo Lease?

If this Lease is fixed-term or month-to-month, clarify how either Party provides notice of non-renewal or termination. Some local laws require 30 or 60 days. This question ensures clarity on how the Lease ends or if it automatically renews upon expiration.
How Are Condo Fees and Association Dues Handled?

A condo typically has HOA dues for maintenance of common areas. The Landlord often pays them, but some owners charge the Tenant part or all of these costs. This question clarifies if the Tenant reimburses the Landlord or if special assessments pass through.
Who Handles Repairs Within the Condo?

A condo lease typically holds the Landlord or unit owner responsible for major interior upkeep, while the HOA covers exteriors and common areas. Minor tasks, like light bulb replacement, often fall to the Tenant. This question clarifies each Party’s obligations, referencing HOA coverage for building structure.
How Are Keys, Fobs, or Gate Remotes Managed?

Condo buildings often use electronic or specialized keys. The Tenant might pay a deposit or fee if these devices are lost. This question states how many devices the Tenant receives, duplication rules, and the cost to replace. The Tenant must return them at move-out.
May the Tenant Use the Condo’s Common Areas or Amenities?

Condos often include shared spaces like a gym, pool, or lounge. This question sets whether the Tenant can use them under HOA rules, if extra fees apply, or if the Landlord retains certain privileges. Noncompliance can cause fines or eviction. Clarify the conditions for usage.
Must the Tenant Hold Renters Insurance, and Does the Landlord Maintain Condo Insurance?

Condo associations usually carry a master policy covering common areas and the building shell. The Landlord may have an interior condo policy. The Tenant’s personal items and liability remain the Tenant’s concern. This question clarifies these insurance obligations or disclaimers.
What Happens If the Tenant Violates Condo Association Bylaws?

If the Tenant breaches HOA rules, the Landlord might be fined or face legal action from the association. This question clarifies the Tenant’s duty to pay fines or cure the violation. Repeated breaches can lead to eviction. Some condos also have hearing panels or appeals.
Is the Premises Subject to Lead Paint Disclosure (Pre-1978 Construction):

Federal law often requires Landlords to provide disclosure and an EPA pamphlet if the dwelling was built before 1978. This question states whether the Landlord must furnish that form, ensuring compliance. If the building is newer, no lead paint disclosure is needed.
Must the Landlord Disclose Radon Levels or Testing:

Some states require disclosures if radon gas exceeds certain levels. If known testing shows high radon, the Landlord must inform the Tenant. This question states if the Landlord provides a radon disclosure or if no hazard is known, satisfying any local radon rules.
How Do the Landlord and Tenant Document the Condo’s Initial State?

A move-in inspection or checklist helps avoid disputes about damage. This question clarifies if the Tenant must return an inspection form within a certain time, note preexisting wear, and the consequences if the Tenant does not list damage. Photos or videos may supplement.
What Must the Tenant Do When Vacating?

Upon lease end, the Tenant typically leaves the condo in a certain condition, removing personal property. This question clarifies final cleaning expectations, return of keys/fobs, and how abandoned items are handled. The Landlord may do a final walkthrough to decide deposit deductions.
How Do the Landlord and Tenant Resolve Disputes Arising from This Lease?

If conflicts over rent, damage, or HOA rule compliance occur, the Parties may prefer arbitration, mediation, or standard court. This question clarifies that approach. Some associations require internal settlement attempts for condo rule disputes. The Parties should know the resolution forum.
What If Part of the Lease Is Invalid?

A severability clause ensures any illegal or unenforceable portion is removed without destroying the whole contract. This question reaffirms that the main intent stands. Courts usually strike only the offending language. If the invalid part is essential, the entire Lease may be void.
Is This the Complete, Integrated Lease?

An entire-agreement clause states no outside statements or promises bind the Parties unless written here or in attachments. It prevents the Tenant or Landlord from claiming additional unwritten terms. This question ensures a single final contract, typically requiring written amendments to modify.
Which State’s Law Controls This Condo Lease?

Generally, the property’s location decides the controlling law, especially for landlord-tenant matters. If the Parties attempt another jurisdiction, local statutes typically override for core eviction or deposit regulations. This question cements that local condo/tenant law applies.
How Is This Condominium Lease Signed?

A lease typically takes effect upon signature by both Parties. Some states or associations require witnesses or notarization for certain condo leases. This question clarifies if standard signatures suffice, if e-sign is allowed, or if the Landlord demands notarization or witness presence.
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